And Another Multi-Millionaire Finds Himself in Bankruptcy Just in Time for Divorce …

New Zealand Husband and Wife’s marriage hits the rocks.

Husband is – or at least was – quite wealthy. In 2006, Husband disclosed to a potential creditor assets worth $28 million and an annual income of $1 million.

According to Wife, Husband owns about 135 businesses and numerous properties and trusts.

Wife, on the other hand, appears to be on public assistance due to Husband allegedly withholding reasonable support.

In response, Husband claims to be bankrupted by $180 million in debt and contends that the couple’s debt exceeds their assets.

The New Zealand Family Court freezes Husband’s bank accounts and stocks.

Wife asserts that Husband’s life style has been constant since before the divorce, although he may have created an appearance on paper of hardship.

The New Zealand Family Court appears to be stuck in the middle, persuaded of the reality of Husband’s enormous legal debt load.

The couple separated in 2007 and their case was filed in or before 2008. But there does not appear to be an end in sight.

Read more in this New Zealand Stuff news article: Bankrupt keeps life of luxury says wife.